"I don't know about you, but I'm going dancing."
Posted on 07/07/2016 5:35:18 AM PDT by simpson96
Five days after agreeing to raise property taxes by another $250 million for teachers pensions, Mayor Rahm Emanuel on Tuesday defended the record increase for police and fire pensions and school construction reflected in property tax bills now landing like a thud in Chicago mailboxes.
The mayor was asked if he had “any words of consolation” for those taxpayers “stunned or even outraged” by their property tax bills, which reflect the $588 million property tax increase approved by the City Council last fall.
His response essentially was, “I told you so.”
(Excerpt) Read more at chicago.suntimes.com ...
The death spiral continues.
One can looks on Google maps and find neighborhoods (parts of Pullman and Roseland come to mind) where empty lots multiply on formerly fully-occupied blocks, as the middle class leaves and what they’ve left starts to turn into Detroit.
Suck it, Liberals!
I laugh at the LIBs who unerringly support the LIB politicians/criminals who continue to ruin their lives. Bwahahahahahaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa.
I moved from one town before they hit us with a new proposed tax hike to pay for a new stadium complete with a $1M scoreboard with all the bells and whistles and lots of other unnecessary BS and new “justice center” when they had built one just 2 years before. Not my fault they didn’t make it big enough. Hell it’s not like they had that much crime in that area really.
Great opportunity for Texas and Florida governors to remind Chicago there is a better way.
Though property taxes in Florida can be high. At least there is no state income tax.
Flee Rahm. He hates prosperity, just like his old boss.
Chicago is known for its L-train. But it's the gravy train that White House senior adviser Valerie Jarrett prefers to ride.
In addition to the $173,922 Jarrett earns per annum as President Obama's senior adviser, she is also paid an annual pension of $35,660 for the eight years she served as chairman of the Chicago Transit Authority, according to a Chicago Sun Times investigation.
Jarrett was appointed to chairman of the agency - a part-time position - in 1995 by then-mayor Richard Daley, whose brother, William Daley, served as Obama's chief of staff. Jarrett served as the former mayor's deputy chief of staff and was appointed to numerous other positions during his term. (Excerpt) Read more at dailycaller.com ...
======================================
Wonder how many transportation bonds were issued while Jarrett was at Chicago Transit? Her pension payout would pale against her hidden income from lucrative Chicago bond deals. More on Chi/go's bonding scams.....cont.
A muni-bond expert exposed Chicago's bond financing scheme as a house of cards. An examination of the city's bond documents uncovered taxpayers paying billions for greedy politicians shady financial legerdemain, including:
<><>(1) using long-term financing to cover day-to-day expenses,
<><>(2) using bond proceeds to pay pension obligations, and,
<><> (3) misappropriating returns from the interest rate swap portfolio (a sub rosa ATM for paying the citys day to day expenses).
The stench from Chicago's poplitical sleaze is permeating the putrid city hall air... starting w/ Obama's ex-COS Chi/Mayor Rahm Emanuel. ....and remember, these kingpins of Chicago criminal politics moved into DC with Chicago kingpin Barack Obama.
=================================================
ANALYSIS Bonding is eternal taxation----the insider deals bonding companies made w/ shady pols to get bonding business would tell a tale of greedy pols accumulating riches through massive govt corruption.If these bonding deals were effectuated by way of referendum at the ballot box----and misled investors into buying tax-fee muni bonds----the SEC would be interested.
EMAIL enforcement@sec.gov
Massive govt corruption might include forgery, falsification of official records, fraudulent state budget entries, tax evasion, illegal wire-transfers, misuse of public office.
Tax-exempt municipal bond investors (including public education bond investors)-- have legal grounds to sue if they were deceived about deceptive bond offerings. In many cases, bond issues are approved by voters---at the ballot box--so that voters may have also been misled WRT uses of fraudulent bond offerings.
Also culpable are:
<><> bonding companies underwriting possible fraudulent bond issues;
<><> banks holding possibly fraudulent bond proceeds;
<><> State/city's modus operandi in allocating tax-exempt bond proceeds,
<><> the sub rosa acceptance of bond proceeds.
<><> state/city vendors accepting possible fraudulent bond proceeds.
<><> publicly-funded state/city agencies advocating the uses of fraudulent bond proceeds.
===========================================
The SEC, FBI, banking overight agencies, and the IRS, would be interested in the activities of state/city entities WRT bonding.
EMAIL---FBI TIPS PAGE https://tips.fbi.gov
EMAIL--enforcement@SEC.gov
Contact the IRS Fraud Unit
EMAIL Banking oversight agencies
============================================
Taxpayers should find out which banks are facilitating this.
<><> Which banks are designated the official repositories of municipal tax dollars.
<><> Which banks are dispensing the ill-gotten proceeds....and to whom.
The bankrupt areas will do property taxes because they think people are trapped there. But you can abandon the property once it becomes worthless, and many will walk away.
Anyone have the actual numbers on the rates? What’s the new bill on the average home?
PAUSE TO REFLECT First-term Obama had tight control of Treasury; Obama calculatedly placed his then-COS Rahm Emanuel in a dual role.......in the WH and at Treasury. Obama had a stranglehold on Treasury via COS Rahm Emanuel's dual role Read on.
==========================================
THE SMOKING GUN---WSJ REPORT--On Jan 20, 2009 Timothy Geithner was appointed Obama's Secy of the Treasury. But within three weeks, the Obama White House tightened its grip on Treasury. Obama put his COS, Rahm Emanuel, in charge of Treasury---Rahm Emanuel's dual role was an unusual move.
When he got to Treasury, WH COS Rahm Emanuel was so involved in the inner workings that the phrase "Rahm wants it" had become an unofficial mantra among subservient govt staffers, prostrate in obeisance, scurrying to accede to Rahm's wishes, according to Treasury government officials. Reported by WSJ / 05/31/09
More here: http://online.wsj.com/article/SB124113406528875137.html
=================================================
EXCERPT---FOURTEEN TRILLION DOLLARS Behind The Real Size of the Bailout; A guide to the abbreviations, acronyms, and obscure programs that make up the $14 trillion federal bailout of Wall Street
SOURCE motherjones.com
Mon Dec. 21, 2009 12:23 PM PST
The price tag for the Wall Street bailout is popularly put at $700 billion—---the actual size of TARP--the Troubled Assets Relief Program. But TARP is just the best known program in an array of more than 30 overseen by Treasury Department and Federal Reserve that have paid out or put aside untraceable money to bail out financial firms and inject money into the markets.
To get a sense of the size of the real $14 trillion bailout, see MJ chart at web site. A guide to the pieces of the puzzle includes massive untraceable Treasury Department bailout programs.
Money Market Mutual Fund: In September 2008, the Treasury controlled by Obama/Emanuel announced that it would insure the holdings of publicly offered money market mutual funds. According to the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), these guarantees could have potentially cost the federal government more than $3 trillion [PDF].
Public-Private Investment Fund: This joint Treasury-Federal Reserve program bought toxic assets from banks and brokerages—as much as $5 billion of assets per firm. According to SIGTARP, the government's potential exposure from the PPIF is between $500 million and $1 trillion [PDF].
TARP: As part of the Troubled Asset Relief Program, the Treasury controlled by Obama/Emanuel made loans to or investments more than 750 banks and financial institutions. $650 billion has been paid out (not including HAMP; see below). As of December 21, 2009, $117.5 billion of that has been repaid.
Government-sponsored enterprise (GSE) stock purchase: The Treasury controlled by Obama/Emanuel bought $200 million in preferred stock from Fannie Mae and another $200 million from Freddie Mac [PDF] to show that they "will remain viable entities critical to the functioning of the housing and mortgage markets."
GSE mortgage-backed securities purchase: Under the Housing and Economic Recovery Act of 2008, the Treasury controlled by Obama/Emanuel may buy mortgage-backed securities from Fannie Mae and Freddie Mac. According to SIGTARP, these purchases could cost as much as $314 billion ---SNIP---
LONG READ---go to web site to read more and checkout the shocking financial charts.
SOURCE http://motherjones.com/politics/2009/12/behind-real-size-bailout
"I don't know about you, but I'm going dancing."
I got my tax Cook County bill yesterday at my out of state address and it is DUE by August 1. It looks to be up about 16% Year-Over-Year. This bill is for 2015.
Only in Cook County can you get a tax bill for 2015 in the second half of 2016 that is due in 3 weeks! If it wasn’t for bad government, Chicago wouldn’t have any government at all.
Yup. Chicago is Detroit 2.0
“agreeing to raise property taxes by another $250 million for teachers pensions...”
There you go, in a nut shell the teachers unions are voting themselves the treasury.
When you become employed by government, you essentially are winning the million dollar lottery for life. And everyone else in non-government is stuck with the bill.
3 weeks is outrageous. And I would bet they have the gall to state that there’s a hefty penalty for late payment.
Wasn’t it this stuff that got Michelle Obama disbarred? Errrrr.... Law license “voluntarily surrendered ... “
Haven’t seen the details. Have you?
Buried way back
Just do some research on the obama’s ( both of them) and their Illinois law licenses
Sounds like something that went down in West Chester, PA
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.